Mobility
Ford, Geely to set up European production joint venture, target first mass-produced vehicles in 2028
Ford will partner with China’s Geely to jointly produce electric and plug-in hybrid vehicles in Europe, with plans to set up a new joint venture at a Valencia, Spain, plant. The companies are reviewing a system capable of producing about 500,000 vehicles a year by using idle capacity. Subject to regulatory approval, Ford would hold 66 percent and Geely 34 percent. Production preparations start in the first half of 2027, with first vehicles due in 2028.
